Reward of Buying a Short Sale in Northern VA

The reward of buying a short sale in Northern VA is to save money and build instant equity when the keys are passed over the settlement table. When buyers are looking for real estate, either a home or investment, and comes across a short sale they should keep some points in mind. The price of a short sale home will usually be below market value and many times below foreclosure prices of comparable homes in good condition. This is the case for one reasons, Short sales can take on average of 3 to 4 months to get bank approved or declined and can waste time. Here is an article describing these short sale risks in Northern VA, The Risks of buying a short sale.

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